Grady County, Oklahoma Property Taxes
The median property tax rate in Grady County is 1.03%, which is slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Grady County at $126,704, the typical annual property tax bill amounts to $1,186, falling below the national median of $2,690. Property taxes in Grady County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grady County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Chickasha or another part of Grady County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grady County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,305
$1,211
Ownwell’s Grady County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grady County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grady County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Grady County, Oklahoma
Property taxes in Grady County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grady County is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Grady County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grady County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Grady County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Tuttle has one of the higher property tax rates in Oklahoma at 1.13%, while the city of Verden boasts one of the lowest at 0.74%. Analyzing how Grady County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grady County Tax Rate
1.03%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grady County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | 0.34% | 0.55% | 0.81% | 1.04% | 1.11% |
| Amber | 0.40% | 0.66% | 0.94% | 1.08% | 1.15% |
| Blanchard | 0.52% | 0.83% | 1.09% | 1.20% | 1.28% |
| Bradley | 0.42% | 0.60% | 0.88% | 1.03% | 1.09% |
| Cement | 0.37% | 0.54% | 0.80% | 1.02% | 1.14% |
| Chickasha | 0.52% | 0.77% | 1.01% | 1.14% | 1.21% |
| Lindsay | 0.38% | 0.56% | 0.83% | 0.95% | 1.04% |
| Marlow | 0.45% | 0.73% | 0.91% | 1.00% | 1.15% |
| Minco | 0.49% | 0.73% | 0.98% | 1.11% | 1.17% |
| Ninnekah | 0.45% | 0.71% | 0.95% | 1.07% | 1.15% |
| Norge | N/A | N/A | N/A | N/A | N/A |
| Pocasset | 0.32% | 0.61% | 0.84% | 1.05% | 1.13% |
| Rush Springs | 0.38% | 0.64% | 0.89% | 1.01% | 1.04% |
| Tuttle | 0.70% | 0.97% | 1.13% | 1.22% | 1.28% |
| Verden | 0.30% | 0.52% | 0.74% | 0.94% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Grady County, Oklahoma
In Grady County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Grady County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Grady County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Grady County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Grady County, Tuttle has the highest median tax bill at $2,349, while Verden has the lowest at $482.
Average Grady County Assessed Value
$126,704
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grady County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | $29,595 | $44,936 | $75,332 | $129,044 | $191,457 |
| Amber | $51,693 | $76,758 | $131,193 | $199,840 | $295,719 |
| Blanchard | $79,516 | $125,367 | $195,467 | $277,446 | $340,000 |
| Bradley | $33,030 | $51,992 | $88,848 | $162,122 | $232,080 |
| Cement | $50,151 | $72,248 | $104,053 | $147,886 | $204,964 |
| Chickasha | $36,603 | $51,182 | $79,447 | $134,703 | $198,342 |
| Lindsay | $49,363 | $68,377 | $95,748 | $159,645 | $235,576 |
| Marlow | $57,214 | $81,631 | $124,806 | $189,498 | $262,611 |
| Minco | $40,669 | $58,662 | $95,452 | $167,296 | $245,160 |
| Ninnekah | $48,099 | $72,818 | $109,289 | $163,491 | $223,528 |
| Norge | N/A | N/A | N/A | N/A | N/A |
| Pocasset | $45,337 | $76,586 | $130,052 | $229,312 | $335,435 |
| Rush Springs | $29,274 | $44,552 | $77,288 | $126,281 | $182,550 |
| Tuttle | $84,870 | $134,940 | $208,602 | $302,154 | $384,122 |
| Verden | $33,367 | $41,783 | $61,941 | $104,890 | $181,937 |
Source: Ownwell
Property Tax Bills Across Grady County, Oklahoma
In Grady County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Various factors such as property size, location, and market conditions influence this assessment. Homeowners in Grady County can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $576, while at the 75th percentile, it rises to $2,313. The 90th percentile tax bill reaches $3,533, highlighting the range of property taxes within the county. The national median property tax rate stands at 0.99%, but local rates and assessed values can cause deviations. In Tuttle, homeowners face the highest median tax bill of $2,349, whereas Verden residents enjoy a lower median tax bill of $482. These variations underscore the impact of location and property value on the overall tax burden for homeowners in Grady County.
Average Grady County Tax Bill
$1,186
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Grady County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alex | $116 | $289 | $598 | $1,110 | $1,791 |
| Amber | $283 | $586 | $1,053 | $1,803 | $2,810 |
| Blanchard | $497 | $1,073 | $2,047 | $3,009 | $3,931 |
| Bradley | $195 | $361 | $680 | $1,468 | $2,563 |
| Cement | $238 | $441 | $792 | $1,333 | $2,080 |
| Chickasha | $238 | $433 | $761 | $1,371 | $2,083 |
| Lindsay | $228 | $492 | $813 | $1,453 | $2,053 |
| Marlow | $331 | $643 | $1,045 | $1,734 | $2,611 |
| Minco | $308 | $507 | $875 | $1,460 | $2,351 |
| Ninnekah | $257 | $567 | $978 | $1,576 | $2,349 |
| Norge | N/A | N/A | N/A | N/A | N/A |
| Pocasset | $227 | $516 | $1,023 | $1,840 | $3,130 |
| Rush Springs | $163 | $315 | $602 | $1,110 | $1,748 |
| Tuttle | $732 | $1,301 | $2,349 | $3,455 | $4,522 |
| Verden | $126 | $220 | $482 | $876 | $1,514 |
Source: Ownwell